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I would double my not inconsiderable holding at your price! You have to compare value with the rest of the market AND other investment options. Profit only halved in the quarter, and I expect Q1 to show an improvement on that, and back to normal by Q2. Is a discount really likely? Personally I think not. It's only a hold from me and not a buy because of my holding here already. I'm now close to starting to add more.
So if I'd told you in December (when the stock price was £23) that AHT Q4 earnings were going to halve, would you have sold? I'm going to say yes. Now the price is £27, but you think it's a hold? It's on 15x last years' earnings, and I wouldn't expect a lot of growth this year given how the first quarter or two might pan out.
Now, don't get me wrong, I'm not selling my entire holding here, but did just let a quarter of it go at 27.70. I'll buy it back if we go back to the low £20s.
It all depends on your belief in the resilience of the business. I think Q1 this year may not fully recover to last year, but the rest of the year we'll see record growth driven by companies playing catch up. The share price has basically stood still for at least 4 months, surely that's enough? We have still made a profit in the last quarter, and the company has grown.
Try comparing the dividend policy here with the vast majority of FTSE 100 companies. Make your own mind up! I've decided my strategy.
They are good, but should the stock really be back at record highs give a quater where earnings halved, and uncertainty is still rife? I'm going to to take a few more profits here I think.
Company maintaining its progressive dividend policy. Given the current situation these results are outstanding.
Page 27 of last week's Investors Chronicle states that Ashtead is on S&P's watchlist as a potential fallen angel. Is it time to get out?
Any more words of wisdom for us Nickel?
yes....and to get elected he has to make a crashing reduction in the now 36 million now newly unemployed.
a chunk of which will come from shovel ready construction work....
that will employ those people
who will be using kit hired from AHT.
In economic growth and development terms 'low hanging fruit'
Trump might fail to do anything of the sort. If there was a surge in the tide it's likely to prove to be just a bubble.
Trump's a second termer and a reality show president. He won't care about fall out so long as he's elected.
This is basically a USA market-driven stock. Like him or loath him ,Trump is going to push USA economic recovery hard and fast to get himself back in the White house in November. AHT will go up on that tide which is rising faster than the UK/Europe recovery. A good underlying case for continued share price growth here.
I added significantly below £20 (lowest acquiring price at £14. I think that's probably it for now - I'm going to cut my position back again. Domestic financials look ridiculously cheap, so I'm going to add to LGEN and LLOY. GLA
Correction - THis always proves to be a top faller when this gets going so the art is to SELL when it's grossly overbought like it is now
THis always proves to be a top faller when this gets going so the art is to buy when it's grossly overbought like it is now
.
Institutional funds know the best where to invest. And they are investing like crazy in the stock lately, here is the list https://fintel.io/so/uk/aht
They will move the price up no matter what happens.
Read yesterday that they've run all different scenarios on their financial position during this covid nonsense and they come out cash fluid in all ways. Afraid I've tried to find the link but it was a reputable place. It was posted yesterday if you want to search for it. Reckon the only way is up for these babies for a while.
I note there was no financial info for the UK based business only the US
More than 21 million Americans have lost their jobs in the past four weeks, new figures show. It is by far the worst run of job losses on record.
According to the latest figures from the Department of Labour, new unemployment claims reached 5.25 million in the week ending 11 April.
The previous week saw 6.6 million applications.
Much of the US population is under some form of lockdown because of the coronavirus pandemic, bringing the US economy to a virtual halt and forcing businesses big and small to lay off employees.
There are projections that the unemployment rate could reach 20% this month.
The US has almost 640,000 confirmed cases of the virus, and 30,985 people have died, according to Johns Hopkins University.
Ahhh Nickel there you are ??
Why No entries on the RPT Board ???? It was the next big thing , until it wasn't & then you disappeared
Net debt to EBITDA leverage will greatly increase now, that's a worry.
The question is, how long will this go on for?
A big red day unfolding in the FTSE and i've no doubts that Ashtead will top the FTSE red leaderboard in the coming sessions
It's risen way too fast, the situation in the US is likely to get much worse over the weekend, Corona is accelerating very quickly there. GL if you're holding - think you will need it!
recovering very well for now
Ashtead Group plc
AHT
1,856.00 GBX
+214.50 (13.07%)
It will be interesting to see the impact on construction. Working outside does not hold the same risk as in other locations, and social distancing is easier.
recovering well for now
Ashtead Group plc
AHT
1,457.00 GBX
+157.00 (12.08%)